The behavior of the EUR may have been confusing. If we look at the daily volatility since the Greek situation began its crescendo we have seen the EUR weaken on good news (of a deal) and strengthen when there was bad news (of no deal.) This is not so irrational. Notwithstanding any plan for retaining

Analgesics are addictive. Since interest rates were deployed to manage the economic cycle we have seen the Fed Funds Target Rate decline, making lower lows and lower highs (1980, 1984, 1989, 1995, 2000, 2007) as the Fed has been repeatedly enlisted in the bailout of asset markets and the economy. Now that a new policy tool has been invented

If you were careful, responsible and diligent and didn’t overextend yourself buying that big apartment in the prime central area and the second apartment to rent out, but maintained a reasonable debt to income and debt to equity ratio, you did OK but you certainly didn’t do as well as the guy who bought bigger

Some Issues In Mutual Fund Investing.   1. One of the problems in mutual fund investing is how they are sold to investors.   a. High front end commissions. Mutual funds typically charge a commission to invest in them. This commission is paid to the distributor of the mutual fund, such as a bank or

India is an interesting market. Modi’s election success boosted equity markets but lately delays in reform have stalled the market which is some 10% of its 2015 highs.   Growth: Near term the economy is slowing but long term potential remains strong. India has strong demographics with the working age population rising as a percentage